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Q: Is furniture Expendable or non expendable asset?
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What is difference between expendable and non expendable assets?

Any asset with the useful life of one or more than one year is Non-Expendable asset. Any asset with the useful life of less than one year is Expendable asset.


What are classifications of Army property?

Expendable, non-expendable, and durable


Three classifications of property iaw ar 735-5?

Non-expendable, expendable, durable


What is the meaning of non expendable?

Something considered not to be worth keeping or maintaining


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3161


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account for resources returned/ replace broken and or lost items


What is expendable packaging?

The definition of returnable packaging is (something) capable of being returned or brought back, whereas expendable packaging means (something that is) able to be abandoned. Products that are discarded are often associated with a lower cost, and that is true with packaging.


Depreciation on Fixed Asset is a operating expenses or not?

Depreciation on Fixed Asset (Furniture, Building) are considered as Non-Current Assets


Is money lent by a bank a current asset or non current asset?

non current asset


Is a fishing permit a non-liquid asset or liquid asset?

It is a non-liquid asset. It can not be traded or converted into currency. It is non-transferable and therefor non-liquid.


Is premises a current asset or non current asset?

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Is fixtures and fittings a current asset or a non current asset?

non current